Changyou.com Ltd. (CYOU) Sees Unusually-High Trading Volume
Changyou.com Ltd. (NASDAQ:CYOU) shares saw strong trading volume on Friday . 73,362 shares changed hands during mid-day trading, a decline of 6% from the previous session’s volume of 78,445 shares.The stock last traded at $20.75 and had previously closed at $20.30.
A number of equities research analysts have recently commented on the stock. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research report on Tuesday, April 26th. Summit Research reiterated a “buy” rating and issued a $26.00 target price on shares of Changyou.com in a research report on Sunday, March 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Changyou.com currently has a consensus rating of “Hold” and an average price target of $21.00.
The company has a 50 day moving average of $19.40 and a 200-day moving average of $19.17. The firm has a market cap of $1.08 billion and a price-to-earnings ratio of 5.56.
Changyou.com (NASDAQ:CYOU) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. During the same quarter last year, the business earned $0.97 earnings per share. The firm had revenue of $130 million for the quarter, compared to the consensus estimate of $129.55 million. The business’s revenue for the quarter was down 37.8% compared to the same quarter last year. Equities research analysts anticipate that Changyou.com Ltd. will post $2.38 earnings per share for the current fiscal year.
A hedge fund recently bought a new stake in Changyou.com stock. Schroder Investment Management Group bought a new stake in Changyou.com Ltd. (NASDAQ:CYOU) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 102,100 shares of the company’s stock, valued at approximately $2,534,000. Schroder Investment Management Group owned about 0.20% of Changyou.com as of its most recent SEC filing.
Changyou.com Limited is an online game developer and operator. The company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. This includes massively multiplayer online games (MMOGs), which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games, which are played on mobile devices and require an Internet connection, and Web games, which are played over the Internet using a Web browser.
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